Theresa’s law will commit UK to net zero carbon emissions.
Today the UK became the first major economy in the world to pass laws to end its contribution to global warming by 2050.
The target will require the UK to bring all greenhouse gas emissions to net zero by 2050, compared with the previous target of at least 80% reduction from 1990 levels.
The UK has already reduced emissions by 42% and has clean growth at the heart of its modern Industrial Strategy. The government claim that the number involved in green technology could grow by up to 2 million and the value of exports from the low carbon economy exceed £170 billion a year by 2030.
The UK’s 2050 net zero target was recommended by the Committee on Climate Change, the UK’s independent climate advisory body. Net zero means any emissions would be balanced by schemes to offset an equivalent amount of greenhouse gases from the atmosphere, such as planting trees or using technology like carbon capture and storage
James Murray of Business Green said “This is a truly historic moment in the story that will define the century for us all and this is much bigger than many people realise. It is a moon shot, a war effort, an industrial revolution, a cultural transformation, all rolled into one.”
Martyn Reed, Elmhurst Managing Director, welcomes the introduction of this new law that supports the commitments that have been alluded to over the last two years within both the Industrial Strategy and the Clean Growth Strategy. Theresa May obviously wants to be remembered for something other than a failed Brexit and this is probably her best opportunity.
He goes on to say: “Elmhurst members have enjoyed a 23% increase in the volume of energy assessments and with this renewed commitment is has never been a better time to be involved with energy assessments”
For more detail on the new legislation click here.